Shinobi - EURUSD: Euro Slides as US Dollar Dominates
EUR/USD broke below several support levels yesterday and those levels might offer resistance in the 1.0665 – 1.0670 area. Further up, resistance could be ahead of the prior peaks near 1.0950.
If it weres to break above there, it may see a test of potential resistance in the 1.1075 – 1.1095 area where several historical breakpoints reside and just ahead of the psychological level at 1.1100.
Further up, resistance could be at the breakpoint from the March 2022 high at 1.1185 or the recent peak at 1.1275, which coincides with two historical breakpoints.
Above those levels, resistance might be at the Fibonacci Extension of the move from 1.1095 to 1.0635 at 1.1380. Just above there are some more breakpoints in the 1.1385 – 95 area.
On the downside, support may lie near the previous lows at 1.0635 and 1.0520.
If it weres to break above there, it may see a test of potential resistance in the 1.1075 – 1.1095 area where several historical breakpoints reside and just ahead of the psychological level at 1.1100.
Further up, resistance could be at the breakpoint from the March 2022 high at 1.1185 or the recent peak at 1.1275, which coincides with two historical breakpoints.
Above those levels, resistance might be at the Fibonacci Extension of the move from 1.1095 to 1.0635 at 1.1380. Just above there are some more breakpoints in the 1.1385 – 95 area.
On the downside, support may lie near the previous lows at 1.0635 and 1.0520.
